Gold prices treaded water early Monday after the most-active contract finished off last week at its lowest level of the year.
Gold prices treaded water early Monday after the most-active contract finished off last week at its lowest level of the year as a stronger U.S. dollar and rising Treasury yields undercut the yellow metal.
Price action Market drivers Gold prices retreated for the fourth straight week through Friday as data have shown that interest-rate hikes by global central banks have failed to slow the economy, stoking expectations that the Federal Reserve, European Central Bank and their rivals might raise policy rates even higher to try to combat inflation.
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